10 months Ayala Land to raise P45B from bonds, bank loans Manilatimes |Biz
LISTED Ayala Land Inc. is set to raise P45 billion this year from the debt market. In a disclosure on Wednesday, the Ayala-led property titan said its board of directors approved during a regular meeting its planned issuance of retail bonds worth P16 billion and qualified buyer notes worth P4 billion, and a bilateral term loan with lenders of up to P25 billion. Proceeds will be used to finance general corporate purposes, it added. For this year, Ayala Land is allocating P130 billion to fund expansion plans. The amount is an 18-percent increase from the P110 billion it spent in ... more